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Best GBP to AUD exchange rates today
Find the mid-market rate and what affects the exchange rate between these two currencies.
Make your pounds go further with a strong exchange rate when you send money to Australia.
Today’s mid-market rate
Refreshing in: 60s | Sat, Feb 29, 01:34PM GMT
Buy Australian dollars with British pound online
Buy the Australian dollars you need from online transfer specialists that can make your transfer quickly. Watch for fees and markups on the mid-market rate.
When is the best time to buy?
Exchange rates fluctuate with the market as it rises and falls. The UK’s government policies, elections, trade demands and overall economic health determine the best time to buy.
The ongoing debate about how to move forward with Brexit has caused the GBP to decline since 2016. So even though the GBP has historically been stronger than the AUD, Brexit could lead to a weaker pound as the British economy remains volatile and could be heading to a recession.
How does the British pound trade against the Australian dollar historically?
With strong historical ties between the UK and Australia, the pound and the Aussie dollar has enjoyed a fairly even playing field.
The global financial crisis in 2008 affected both the British pound and Australian dollar. The Australian dollar reached highs of 2.474488 per pound in October 2008, from 2.065693 in July of 2008. It gradually strengthened and by August 2009 had dropped to less than $2 per pound.
GBP to AUD exchange rate history
We’ve put together the daily average exchange rate for the British pound against the Australian dollar for the past week.
|Feb 22||Feb 23||Feb 24||Feb 25||Feb 26||Feb 27||Feb 28|
|1 GBP =||1.9556 Inverse: 0.5113||1.9608 Inverse: 0.5100||1.9550 Inverse: 0.5115||1.9685 Inverse: 0.5080||1.9713 Inverse: 0.5073||1.9584 Inverse: 0.5106||1.9699 Inverse: 0.5076|
Average exchange rate over the past 6 months.
|Oct 2019||Oct 2019||Nov 2019||Dec 2019||Jan 2020||Feb 2020|
|1 GBP =||1.8325 Inverse: 0.5457||1.8802 Inverse: 0.5319||1.9015 Inverse: 0.5259||1.9424 Inverse: 0.5148||1.9071 Inverse: 0.5244||1.9428 Inverse: 0.5147|
Average exchange rate over the past 10 years.
|1 GBP =||2.0411|
What affects GBP to AUD exchange rates?
Five main factors affect the British pound and Australian dollar, including monetary policy, price inflation, confidence and sentiment, economic growth using the gross domestic product (GDP) and the balance of payments. These factors can offer a comprehensive view of the direction a currency is going.
The flood of 2015 in Australia’s eastern states affected GDP and how the Australian dollar was traded in global markets. From June 2015 to February 2016, the Australian dollar hovered above 2.0 to the pound.
By doing your research to find the best exchange rate when transferring money from the UK to Australia, you can make your money go further. With Brexit leaving the British economy on unstable ground, keep an eye on the market before exchanging your pounds to the Aussie dollar.
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